Those faceless crowds are David Lynch as hell, man

Eh, kinda dismayed at the rather average image quality shown in the demo (where dat dynamic pen light lighting at, though that might be a forward rendering trade off.) It doesn't seem to be much more than a tech demo for PSVR, and not a particularly impressive one to boot if you're not already an CG fan so there's not really much else to say.
Wouldn't be surprised if they use this as a stepping stone for more VR goodies in whatever comes after PStars.